"Intel and RIM to announce joint development deal"

Posted on Tuesday, August 23 2005 @ 23:47 CEST by Thomas De Maesschalck

Research in Motion, the creator of the Blackberry, inked a joint development deal with Intel, according to CNBC television.

"Rumors have it that RIM will announce a deal with Intel to use their chips," Sean Flynn, options trader at Timber Hill, a unit of Interactive Brokers, told Reuters. "Options volume is heavy with the bias on upside call buying," he said.

Another analyst said the two companies were expected to announce a deal this week at the Intel Developer Forum, the company's annual conference for computer hardware developers.

More details at Reuters.

Maybe this deal has something to do with Intel's plans to create handtops, which will be real small mobile computer systems.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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